Please Someone tell me...Can Machinery be exported out of India against H form under Mahavat?? Or Only Goods can be exported??
Thnx in advance.....
4 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 20 June 2011
| Originally posted by : Kedar Baliga | ||
 |
Please Someone tell me...Can Machinery be exported out of India against H form under Mahavat?? Or Only Goods can be exported?? Thnx in advance..... |
 |
Machinery is also goods for machiner manufacturer/ exporter, Exporter can obtain machinery from manufacturer against form H, for onward export.
Paresh Dholu
(Chartered Accountants)
(393 Points)
Replied 20 June 2011
Yes ,Machinary can be exported agst H Form
R B Banwat
(tax consultant)
(154 Points)
Replied 20 June 2011
1. Yes, Machineary can be exported against H form without charging any MVAT
2. One must see that foriegn buyer order is before the date of machineary sale, whatever stated in foriegn byuer order matches with the machineary to be sold against H Form
3. And aal other regulare details like custome clerance, Packing List etc
Thanks
R B Banwat
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
